Zeus taps into Newmont’s Morocco database
ASX-listed exploration company Zeus Resources is on an accelerated path to project identification and acquisitions in Morocco, announcing on Monday that it has executed a five-year licence agreement to gain access to gold major Newmont’s database in that country.
The licence provides Zeus with immediate access to Newmont’s Morocco exploration database and Morocco regional framework study, representing years of systematic regional work across the Anti-Atlas and Central Meseta regions – globally recognised for their gold, base metal and critical mineral potential.
“This positions us to rapidly assess prospectivity, generate high-quality targets, and direct exploration efforts towards areas with the greatest discovery potential,” said executive director Hugh Pilgrim.
He explained that the database provided Zeus with a competitive advantage by enabling confident target selection and efficient use of exploration resources. “The integration of comprehensive exploration datasets will streamline prospectivity analysis, reduce early-stage risk, and allow the company to progress quickly from assessment to acquisition and on-ground exploration.”
The licence has a five-year nonexclusive term. Should Zeus acquire any direct or indirect interest in property located wholly or partially within the regions, it would notify Newmont and execute a royalty agreement granting the major a 1% net smelter return royalty on any acquired property.
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